LOS ANGELES, CA, October 19, 2008
/24-7PressRelease/ -- On September 22nd, Securities Arbitration's founder PAUL YOUNG publicly urged that it was then time for Main Street investors to get out of the stock market. His article did so responsive to an AOL screen question of that day. He said then: "We have a desperately drowning economy with unemployment higher, prices higher, Wall Street being bailed out by taxpayers, a government with trillions in debt. We have home prices falling and defaults and foreclosures rising. Structural institutions, public and private are shaken (like Fannie and Freddie). An infrastructure that is fading fast, local government in debt, education at all time lows.
And AOL writers have the lack of simple logic to ask if people (REAL people) should bail out of the stock market? I say an unqualified YES.
Seeing the pain of people who have been ripped off and burned for two decades with the fog of anger and embarrassment creating inertia and stagnation and relatively few people who had the guts to fight Wall Street, the pain is real. When one is victimized, the pain is real. The bank account, the feeling of betrayal is real."
Jim Cramer, a host on CNBC, told people over two weeks later, on October 6th, exactly what Paul Young had urged. And he got into a lot of hot water for it.
Paul Young, a leading Main Street investor's advocate who for 20 years has represented persons burned by Wall Street in securities arbitration and mediation nationwide, beat Cramer on the story. By weeks.
"What is more important is that if people had listened to me, or to Mr. Cramer, millions of people would not have lost many billions of dollars in the short period between then and now. I renew and affirm that Main Street Americans should get out of the stock market now," said Young today.
Now, the view of Securities Arbitration is that with a true depression possible and no end of the bad news in site as Washington gives help to Wall Street and nothing to Main Street, being in the stock market today is not just a risk but is stupid.
"I have represented burned investors from 33 states and foreign countries in securities arbitration. NEVER have I seen a storm of such Titanic proportions. My person view, based on 20 years: Take every dollar out of the stock market and wait. And the wait may be for a long time."
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Who we are: Paul Young is both an experienced advocate for burned investors nationwide case by case by case and founder of Securities Arbitration Group and the Securities Arbitration Hotline @ 1-800-222-4724. Our job is to get money back for burned MainStreeters. Paul has recovered millions for real people in his career using securities arbitration.
Securities arbitration is available in all 50 states for burned investors. It is the savior of the burned investor. Your listeners, viewers, Internet and print readers may thank you as polls indicate that the economy leads in the concerns of people nationwide.
Young's Securities Arbitration has operated the only and leading free, non-gov, 50 state SECURITIES ARBITRATION HOTLINE for 20 straight years specifically for people who know or think that they have been ripped off by their Wall Street brokerage. Please mention it on-air or in print at 1-800-222-4724. "Securities Arbitration Succeeds."
He is also a print and air unbiased expert without bias or conflicts of interest who can communicate, inform, entertain.
Young is fully media experienced, print and air and has been a guest on CNN, CNBC, Mutual, Fox Radio Network, NPR, and many national and local broadcast outlets (radio and TV); profiled in print, including the Christian Science Monitor, Tribune Media Services, Creator's Syndicate, and many other national and local print media. He was the editor of a money webzine for years and contributor to three books including "Everything You Wanted to Know About Investing." (Sample list above only).
He is available for interviews, guest appearances and news spots 24/7. For circulation and ratings growth, for public service, for timely and useful news that people can use today for ALL MONEY MATTERS call Paul directly. 1-800-222-4724 or 310-475-6868.
About Securities Arbitration Hotline
People from Main Street can fight back, they can win using securities arbitration in all 50 states and expats can do the same. Fear, embarrassment should not rule the day as economic uncertainty prevails. Recovering money lost through misdeeds of Wall Street should. And can. How?
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